1. Basic understanding of process engineering
2. Aspen Plus Software installed on your computer
3. Have a Computer
4. Have a Desire
In this part the instructor describes the process and then teaches how to create a new project in Aspen Capital Cost Estimator. Then he teaches how project basis, indexing and some costs such as tax rate, labor cost could be modified based on the project location. Subsequently, he shows how different equipment could be defined in Aspen Capital Cost Estimator for a distillation unit and eventually runs the software to obtain the thorough reports by Aspen Tech.
In this part he devotes time to elucidates the procedure taken by Aspen Plus to estimate capital cost. To maximize the learning process, at first, he goes through each step including mapping, sizing and evaluation manually and explains everything! Then he shows how the procedure is performed in automatic way.
Finally, he explained the capital cost estimation procedure in a more detailed way by new example so that his audience has understood the matter fully.